Written by

Fact-checked by

Alia Mehmood

Updated October 2026Country United Kingdom

Data verified

Complete Head-to-Head Comparison · 2026

Cmc Markets Vs FP Markets: A Detailed Comparison For United Kingdom Traders

Q: Is FP Markets regulated by the FCA in the UK?

FP Markets is not directly regulated by the FCA. UK clients are onboarded through its Cyprus entity, regulated by CySEC, which provides equivalent protections under MiFID II, but without local UK oversight.

Q: Does CMC Markets offer spread betting for UK residents?

Yes, CMC Markets offers spread betting, which is tax-free in the UK (no capital gains tax or stamp duty). This is a distinct advantage for UK traders who prefer this product.

Q: Which broker has lower trading costs for forex in the UK?

FP Markets generally offers lower costs for high-volume traders via its Raw account with spreads from 0.0 pips and a commission. CMC Markets has no commission but wider spreads, making it more expensive for frequent trading.

Which broker is better for United Kingdom traders in 2026? Expert analysis across 12 categories.

CMC Markets

FCA · ASIC · MAS · Founded 1989

Open Account

FP Markets

1 · Founded 2026

Open Account

Winner: CMC Markets

Categories: 12 compared

For: United Kingdom traders

Updated: October 2026

Compare any two brokers

Full CMC Markets Review Full FP Markets Review

Compare All Brokers in United Kingdom

Best Forex Brokers Best Gold CFD Brokers Lowest Spread Brokers Best Demo Account

Quick Verdict — United Kingdom Traders

Best Overall

CMC Markets

Higher overall score & more features

Best Spreads

FP Markets

Lower trading costs for scalpers

Islamic Accounts

FP Markets

Swap-free for United Kingdom Muslims

Best for Beginners

CMC Markets

Better education & support

$0 vs $100

Min deposit

1:1 vs 1:1

Max leverage

FCA vs 1

Top regulator

4.2 vs 2.9

Our scores

Table of Contents

→ Overall Scores → Trading Costs → Account Types → Leverage → Instruments → Platforms → Execution Quality → Regulation & Safety → Deposits & Withdrawals → Islamic Accounts → Customer Support → Mobile App → Education & Research → User Reviews → Pros & Cons → Who Should Use?→ FAQ → Final Verdict

Head-to-head comparison

Choosing the right broker is critical for trading success, especially in the competitive UK market. This comparison examines two established names—CMC Markets and FP Markets—to help UK traders make an informed decision. We analyse regulatory oversight, trading costs, platforms, and account features to highlight their key differences.

🏆

Overall Scores Comparison

CMC Markets

FCA · ASIC · MAS

4.2

CompareBroker score

Winner

FP Markets

2.9

CompareBroker score

Trading Costs

Spreads, commissions

4.3

WIN

3.0

Platforms

MT4, MT5, cTrader, TV

3.9

WIN

3.1

Regulation

Safety, oversight

4.5

WIN

3.2

Deposits

Local payments

4.3

WIN

3.0

Customer Support

24/5, chat, phone

4.0

WIN

2.7

Education

Webinars, guides

4.3

WIN

2.6

Execution

Speed, slippage

4.0

WIN

3.0

Mobile App

iOS, Android

4.2

WIN

2.9

💹

Trading Costs - Spreads & Commissions

Instrument	CMC Markets	FP Markets	Winner
EUR/USD avg spread	0.09 pips + $3.5/lot	0.0 pips + $3.5/lot	FP Markets
XAU/USD (Gold)	$0.14 typical	$0.12 typical	FP Markets
GBP/USD avg spread	0.29 pips	0.23 pips	FP Markets
Standard acc spread	from 1.0 pips	from 0.8 pips	FP Markets
ECN commission	$3.5/lot/side	$3.5/lot/side	Tie
Min deposit	$0	$100	CMC Markets

📂

Account Types Comparison

Account Type	CMC Markets	FP Markets
Standard account	✓	✓
ECN / Raw spread	✓	✓
Islamic (swap-free)	✗	✓
Demo account	✓	✓
PAMM / MAM account	✗	✗
Zero spread account	✗	✓
Copy trading	✗	✗
Min deposit	$0	$100

⚖️

Leverage Comparison - United Kingdom Traders

Entity / Asset	CMC Markets	FP Markets
United Kingdom (offshore)	Up to 1:1	Up to 1:1
Forex major pairs	1:1	1:1
Gold (XAU/USD)	1:200	1:200
Indices	1:100	1:100
Cryptocurrencies	1:2 to 1:10	1:2 to 1:10

Leverage Warning for United Kingdom Traders

Traders in United Kingdom typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.

📈

Trading Instruments - Assets Available

Asset Class	CMC Markets	FP Markets	Winner
Forex pairs	90+	65+	CMC Markets
Gold (XAU/USD)	✓	✓	Tie
Oil (WTI/Brent)	✓	✓	Tie
Stock indices	25+ indices	20+ indices	CMC Markets
Crypto CFDs	30+	20+	CMC Markets
Stocks / Share CFDs	1,000+	1,700+	FP Markets
ETFs	✓	✓	Tie

🖥️

Platforms Comparison

Platform	CMC Markets	FP Markets
MetaTrader 4 (MT4)	✓	✓
MetaTrader 5 (MT5)	✓	✓
cTrader	✗	✓
TradingView	✗	✓
Expert Advisors (EAs)	✗	✓
Scalping allowed	✓	✓
Hedging allowed	✓	✓

⚡

Execution Quality - Speed & Slippage

Factor	CMC Markets	FP Markets	Winner
Execution model	ECN/STP	True ECN	FP Markets
Avg execution speed	~30ms	~40ms	CMC Markets
Slippage	Very low	Very low	Tie
Requotes	Very rare	Very rare	Tie
Scalping allowed	✓	✓	Tie
EA / Bot trading	✗	✓	Tie

🛡️

Regulation & Safety for United Kingdom Traders

Safety Factor	CMC Markets	FP Markets
Primary regulator	FCA	ASIC
Top-tier regulated	✓	✓
Investor protection	✓	✓
Segregated funds	✓	✓
Neg. balance protection	✓	✓

Verify regulation independently

Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for United Kingdom traders may differ by entity.

💳

Deposits & Withdrawals for United Kingdom

Payment Method	CMC Markets	FP Markets
Bank Wire Transfer	✓	✓
Visa / Mastercard	✓	✓
Skrill	✓	✓
Neteller	✗	✓
USDT / Crypto	✗	✓
Withdrawal time	5 business days	24 hours

☪️

Islamic Accounts - Swap-Free for United Kingdom Muslims

Islamic Account Feature	CMC Markets	FP Markets
Swap-free available	✗	✓
Admin fee instead of swap	On some instruments	On some instruments
MT4 / MT5 supported	✓	✓
How to apply	Contact support	Contact support

Islamic Account Note

Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.

💬

Customer Support Comparison

Support Feature	CMC Markets	FP Markets	Winner
Live chat	✓	✓	Tie
Phone support	✓	✓	Tie
Email support	✓	✓	Tie
24/7 support	✗	✗	Tie
Response time (chat)	<2 minutes	<3 minutes	CMC Markets

📱

Mobile App Comparison

Mobile Feature	CMC Markets	FP Markets	Winner
iOS App Store rating	4.5 stars	4.3 stars	CMC Markets
Google Play rating	4.3 stars	4.2 stars	CMC Markets
Biometric login	✓	✓	Tie
Push notifications	✓	✓	Tie
Full charting on mobile	✓	✓	Tie
TradingView mobile	✗	✓	FP Markets

📚

Education & Research Tools

Resource	CMC Markets	FP Markets	Winner
Video tutorials	100+ videos	50+ videos	Tie
Webinars (live)	Weekly	✗	CMC Markets
Economic calendar	✓	✓	Tie
Market analysis	Daily	Basic	CMC Markets

⭐

Real User Reviews - Trustpilot

CMC Markets

☆☆☆☆☆

—

3,200 verified reviews

View on Trustpilot

FP Markets

☆☆☆☆☆

—

10,100 verified reviews

View on Trustpilot

⚖️

Pros & Cons of Each Broker

CMC Markets

Pros

+Top-tier regulated

Cons

-No TradingView

-No 24/7 support

FP Markets

Pros

+Top-tier regulated

+TradingView integration

+Islamic swap-free account

Cons

-No 24/7 support

👤

Who Should Use Which Broker? - United Kingdom Guide

Choose CMC Markets if you...

Are a beginner trader in United Kingdom

Want TradingView integration

Have less than $200 to start

Want FCA regulation

Choose FP Markets if you...

Are a beginner trader in United Kingdom

Are a scalper or EA trader

Need PAMM/MAM accounts

Want True ECN regulation

❓

FAQ - CMC Markets vs FP Markets in United Kingdom

Is FP Markets regulated by the FCA in the UK?

Does CMC Markets offer spread betting for UK residents?

Which broker has lower trading costs for forex in the UK?

Final Verdict - United Kingdom 2026

CMC Markets wins overall

After comparing 12 categories, CMC Markets comes out ahead for most United Kingdom traders.

Open CMC Markets Open FP Markets

Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.

Find Your Best Broker

Compare all brokers for United Kingdom traders based on your trading style.

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Score Summary

CMC Markets Winner4.2/5

FP Markets 2.9/5

Full Reviews

Full CMC Markets Review →Full FP Markets Review →

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Risk Warning: CFDs are complex instruments. 74-89% of retail accounts lose money.

Cmc Markets Vs FP Markets: A Detailed Comparison For United Kingdom Traders

Quick Verdict — United Kingdom Traders

Head-to-head comparison

Overall Scores Comparison

Trading Costs - Spreads & Commissions

Account Types Comparison

Leverage Comparison - United Kingdom Traders

Trading Instruments - Assets Available

Platforms Comparison

Execution Quality - Speed & Slippage

Regulation & Safety for United Kingdom Traders

Deposits & Withdrawals for United Kingdom

Islamic Accounts - Swap-Free for United Kingdom Muslims

Customer Support Comparison

Mobile App Comparison

Education & Research Tools

Real User Reviews - Trustpilot

Pros & Cons of Each Broker

CMC Markets

FP Markets

Who Should Use Which Broker? - United Kingdom Guide

Choose CMC Markets if you...

Choose FP Markets if you...

FAQ - CMC Markets vs FP Markets in United Kingdom

Is FP Markets regulated by the FCA in the UK?

Does CMC Markets offer spread betting for UK residents?

Which broker has lower trading costs for forex in the UK?

Final Verdict - United Kingdom 2026

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